Identifying a Country As ¨Developed¨ Based On Their Structural Similarities
Sergio Soza-Amigo and
Patricio Aroca
MPRA Paper from University Library of Munich, Germany
Abstract:
This research begins with the following questions: Is there consistency between the identification of development and the economic structure it possesses?; Are there similarities between the economies identified with differences in their levels of development?; and, are there non- developed economies with the same structure of developed economies? To answer these questions, similarities of input-output tables obtained from the OECD (Mid90, Early00 and Mid00) are reviewed, and after, a case study is performed on the Chilean economy. The similarities and changes are investigated by using a structural similarity index, and then by comparing correlations. The results show that: traditional indicators can only be used as references and are non-categorical in their identifications of development; the economies show significant similarities according to their level of development, and there exists significant structural similarities between developed economies and the economy of Chile.
Keywords: Analysis Input-Output; Linkage; Structural Change (search for similar items in EconPapers)
JEL-codes: C49 C67 D57 F02 R11 (search for similar items in EconPapers)
Date: 2015-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:77421
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